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Is The Wigwam Worth It? A Contingent Valuation Method Estimate For A Small-City Sports Arena

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  • John F. R. Harter

Abstract

type="main" xml:id="coep12078-abs-0001"> The public good benefits arising from an historic high school gymnasium are estimated using the contingent valuation method. While other works focus on larger cities and usually emphasize new buildings for professional teams, this study looks at an historic building for amateur sports. It is found that the benefits are small in spite of the importance of the building and high school sports in general to the history of the city. Because this gymnasium is particularly large and recognized, this would seem to give an upper bound to the value of sports arenas in cities of this size. ( JEL H41, L83)

Suggested Citation

  • John F. R. Harter, 2015. "Is The Wigwam Worth It? A Contingent Valuation Method Estimate For A Small-City Sports Arena," Contemporary Economic Policy, Western Economic Association International, vol. 33(2), pages 279-284, April.
    • Handle: RePEc:bla:coecpo:v:33:y:2015:i:2:p:279-284
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    File URL: http://hdl.handle.net/10.1111/coep.2015.33.issue-2
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    Cited by:

    1. Bernd Frick & Pamela Wicker, 2018. "The Monetary Value of Having a First Division Bundesliga Team to Local Residents," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 70(1), pages 63-103, February.
    2. Pamela Wicker & John C Whitehead & Daniel S Mason & Bruce K Johnson, 2017. "Public support for hosting the Olympic Summer Games in Germany: The CVM approach," Urban Studies, Urban Studies Journal Limited, vol. 54(15), pages 3597-3614, November.
    3. Pamela Wicker & Dennis Coates, 2018. "Flame Goes Out: Determinants Of Individual Support At The 2024 Hamburg Games Referendum," Contemporary Economic Policy, Western Economic Association International, vol. 36(2), pages 302-317, April.

    More about this item

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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